Miami Times Rates Miami Spice: Deal or No Deal?

These are the Coral Gables Miami Spice offers on the list.

CORAL GABLES

DEAL:

Charlotte Bistro

Christy’s Restaurant

La Palma Ristorante

Novecento 900

Palme d’Or

NO DEAL:

Fontana (9)

Pascal’s On Ponce

Randazzo’s Little Italy

Ruth’s Chris Steak House

via Miami Spice: Deal or No Deal? The Final Tally – Miami Restaurants and Dining – Short Order.

None of Coral Gables’ Economic Sectors are Expected to Recover Soon

Isn’t it time for someone in Coral Gables to make a city-wide effort to promote new and more dynamic leading sectors.  All of our main sectors are in the “doldrums”.  Will Coral Gables stay in the doldrums for a long time–I guess that is highly likely.

“We’ve got a lot of stuff going for us,”…

“but construction and real estate will be in the doldrums for quite some time.”

“We will be dragged down by the problems in real estate and construction,”…

“Other areas that are lagging include financial institutions, where there has been a lot of consolidation, and also professional services such as attorneys, accountants and engineers. The volume of their business based on employment is still in negative territory.”

via Pulling out of the downturn fastest: healthcare, tourism, education, government.

Robert Reich’s Recitation of First Year Economics

Robert Reich’s view (he is a liberal economist) is a very simple one and it is contained in any principles of economics text–growth is still sluggish and unemployment is high; consumption is stagnant; business is not investing; and exports are not growing (we are not Germany).  The only remaining option is increased spending on effective jobs programs.  This will help Coral Gables and its businesses if you desire for more sales, trade, exports and demands for local services, and, eventually, even stable and slightly rising real estate values.

It’s nonsense to think of the economy heading downward again into a double dip when most Americans never emerged from the first dip. We’re still in one long Big Dipper.

via Robert Reich (Forget a Double Dip. We’re Still in One Long Big Dipper.).

Coral Gables Understatement of the Day

Quote of Mr. Juan del Busto, Regional Executive of the Federal Reserve Bank of Atlanta.

..we still have significant progress to make in order to achieve a sustained recovery at the level necessary to improve the unemployment and foreclosure rates.”

via Realtors host lending and financing summit.